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God Bless America.........I hope

Discussion in 'Swansea City' started by swanseaandproud, Apr 11, 2016.

  1. PGFWhite

    PGFWhite Well-Known Member

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    You have to listen to what they say and make a judgement. Correct.........but you also have to look at their past record and look at their backgrounds to see if you can trust them...THAT IS WHAT DRAGON IS DOING!
     
    #81
  2. PGFWhite

    PGFWhite Well-Known Member

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    Is the Club happy? The shareholders who are having their trouser pockets stuffed with millions of US dollars will be happy. Everyone else, apart from yourself, is trying to establish what is likely to happen to the Club if the takeover (not investment) goes ahead.
     
    #82
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  3. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    http://www.swanstrust.co.uk/2016/04...ntial-takeover-of-swansea-city-football-club/

    This has been rushed through with little time for ALL parties to fully understand and with still little information as to what exactly is the offer makes me think less kindly towards certain board members .I hope this doesn't escalate into something more sinister , no matter what some posters think this is not looking good .
     
    #83
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  4. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    They are not paying £100m - they are valuing the club/company at c£100m. If they buy everyone out apart from the Trust, then their outlay would be c£79m <cheers>
     
    #84
  5. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    Yes the figures you quote are correct , but by paying £79 million for a Club worth 100 million, because thats effectively what they'll have, the full value by being the majority shareholder they can by choice issue more shares diluting the Trust's holding making them worth less than their current value .
     
    #85
  6. seabreeze

    seabreeze Well-Known Member

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    Talks 4 months behind closed doors , away from everyone .Then announce that you want a deal done before seasons end with less than 2 months to play .
    Morgan , Huw and others are sure eager to get their money in a hurry without details .
    The trust should now do what it can do best and start stopping this .
    Don't let a deal go through till the next season has started .
    I believe there should be an investigation in to the conduct of the Board members before anything changes hands .If someone/s done some serious stuff wrong here we would be better off holding their money than trying to retrieve it .
    If all is on the up and up ...fine .
    Something stinks here ....... And bad IMO
     
    #86
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  7. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Spot on .... However, it may be in their interests to inject loans rather than equity<cheers>
     
    #87
  8. swanseaandproud

    swanseaandproud Well-Known Member

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    The trust stop it ??? have you not understood yet the trust have no say in the matter and that is why they have never been involved with negotiations from the start. They are meaningless and will never be involved with important decisions....
     
    #88
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  9. PGFWhite

    PGFWhite Well-Known Member

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  10. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    Please x[plain why the Trust can only sell
    You have repeatedly stated that the Trust cannot sell their share allocation , where in the constitutions that written ?
     
    #90
  11. 55282

    55282 Well-Known Member

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  12. swanee

    swanee Well-Known Member

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    Venture capitalists, which is what I assume these people are, are there to make money, nothing else. Philanthropy died out years ago, so that leaves only total control to do as they wish. Until they come up with deeds as to their aspirations, words seem a little bit too empty.

    If the ones who want to sell off their vastly improved holdings (compared to 14 years ago), were to consider donating 4% of them to the trust, then perhaps they wouldn`t be held in such contempt. After all, they are not scraping around for a living, not short of a bob or two. All the good work done over the last 15 years can be undone in one fell swoop by these so called "fans". Why all of a sudden do they want to sell out to an unknown quantity of dubious backgrounds.
    Until we know more about the intentions of these people we should not jump for joy as if they are the second coming, let`s hear what they have to offer, if anything.

    please log in to view this image



    I would love it if this fell flat on it`s face.
     
    #92
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  13. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    I agree .A good will gesture from the sellers who collectively donated some of their shares to enable us to get the 25% and hopefully give us a say in the future would be extremely welcome, it's not as if they're paupers , they've financially shared in the success over the past decade and in a wealthy position than most of the people who put money into the Club ,ie the supporters .
     
    #93
  14. 55282

    55282 Well-Known Member

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  15. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    It the Trust held - or get hold of - 25%, then the value of the shares on sale would fall as the purchasers would be constrained in what they would be able to drive through, eg Special Resolutions could be blocked

    I wonder why the Trust didn't / weren't able to have 25% from the outset.......
     
    #95
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  16. FrankfurterBlue

    FrankfurterBlue Well-Known Member

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    The reality is that the shareholders can sell their shares to whomever they please and this really does smack of HJ and his mates cashing out. (I won't say cashing in since they did that with their huge dividend a couple of years ago,) No sure where this leaves the club and neither does anyone else, except Dai! The investors will only get their current investment back from future dividends or selling on at a higher price so that SHOULD mean they will wish to grow the club. How much they are willing to risk to grow the club will be the key. Unless they love the club and/or the Premiership, their investment will presumably be based upon expecting a return.... but few have achieved that!!!
    Profits can only come from keeping costs down and/or selling on players at a profit as you have done successfully up till last year. That puts the load on your manager to keep those cheap players coming through.
     
    #96
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  17. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    Regarding the players , we have a few in the Academy who may make the step up ,Kingsley,Fulton. Gorre MacBurnie who we bought relatively cheaply and with the existing manager having the ability to develop the youth that may be more important now than previously thought by some who think the Academy is a waste of money better spent on over hyped expensive players .
     
    #97
  18. Kifflom!

    Kifflom! Well-Known Member

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    I wasn't going to post until the weekend but I just spoke to Trundle at the gym. He reckons "it's all up in the air" and "just talk" for now. Not sure if that's true but that's what he told me. He said that feelings are mixed at the Club about it because everyone likes the 'family' feel to the place but there's a school of thought that we've achieved all we can under the current set up and we need an injection of funds (if that's what it is) to progress.

    It's only my opinion and I may be wrong but I got the impression he was not exactly over the moon but was resigned to the takeover. Not earth-shattering news but interesting to see an insider's take on things.
     
    #98
  19. seabreeze

    seabreeze Well-Known Member

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    I'm starting to wonder if there is a close connection between the Americanos and Bielsa .
    Soon as the news broke about the takeover by Levien and Kaplan ,it was reported that Bielsa said in the press that he is assured he will be the new manager come summer . To the point where he has already been looking at who is going and who he might bring in at the club .
    Considering the last round of takeover talk happened around the time Jenkin's and Morgan took off to meet with Bielsa , I think Jenkin's felt the team was pretty well sold to the Americans and Bielsa was going to be the new manager .
    But after Huw axed Monk , the Americans changed the goal posts on the deal and the deal fell through along with Bielsa's opportunity as the manager .
    Jenkins and Mongan seem almost desperate to cash in their shares for a bit now , wonder why ? .
     
    #99
  20. Kifflom!

    Kifflom! Well-Known Member

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    That's highly speculative. I'm not sure about Jenkins - if he was that desperate to loosen ties why is he remaining? Can't blame a guy for cashing in on some shares if that's what he's doing. As for Morgan, well we all know why he wants out - or think we know. Even that's speculative I guess. The Dyer debacle damaged him and the Club. He must recognise that.

    Seems to me that not everyone is going to be happy about this and I'm one who isn't. But those at the Club seem to have resigned themselves to it happening.

    Leicester have proved you don't need megabucks to do well but the question must asked can they sustain it? That's doubtful. However, I can't help but feel we're about to lose a part of what makes us a special Club. :(
     
    #100

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